Tag Archives: brics bank needs US dollars

BRICS Bank: China-based New Development Bank that’s trying to de-dollarize global lending is now having trouble repaying its dollar debts

Posted on June 17, 2023 by weehingthong

.. Based in Shanghai, the New Development Bank was meant to establish an alternative to US-dominated, dollar-based financial institutions like the International Monetary Fund and dovetailed with Beijing’s efforts to erode the greenback’s status. .. A China-based bank that’s trying … Continue reading →

Posted in Uncategorized | Tagged | Leave a comment